Gw Hinckley Foundation
- Assets
- $15.8m
- Revenue
- $627.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Hinckley, ME
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 27-4631492
Organization Overview
Gw Hinckley Foundation is located in Hinckley, ME. The organization was established in 2011. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gw Hinckley Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Gw Hinckley Foundation generated $627.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $664.7k during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION FOR GOOD WILL HOME ASSOCIATION AND OTHER SIMILAR ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT GOOD WILL HOME ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kimball Chair | OfficerTrustee | 1 | $0 |
Donald Marden Secretary | OfficerTrustee | 1 | $0 |
Patricia Zlotin Treasurer | OfficerTrustee | 1 | $0 |
Thomas J Mcadam Director | Trustee | 1 | $0 |
John Morton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $441,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $185,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $586,053 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $127 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,977 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,126 |
| All other expenses | $0 |
| Total functional expenses | $664,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,419 |
| Savings and temporary cash investments | $114,061 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,621,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,752,156 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $15,752,156 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,752,156 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gw Hinckley Foundation has recieved totaling $13.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Endowment Analysis
| Beg. Balance | $19,070,317 |
| Earnings | -$2,734,580 |
| Other Expense | $600,000 |
| Ending Balance | $15,735,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Lawrence Community Action Council Inc Lawrence, MA | $13,811,319 | $36,537,114 |
Boys And Girls Clubs Of Boston Inc Boston, MA | $113,014,410 | $21,091,884 |
Roca Inc Chelsea, MA | $28,158,856 | $20,784,215 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Merrimack Valley Young Mens Christian Association Inc Lawrence, MA | $41,011,916 | $17,586,641 |
Vermont Permanency Initiative Inc Plymouth, NH | $11,154,700 | $16,308,251 |
Girl Scouts Of Eastern Massachusetts Inc Waltham, MA | $23,892,113 | $11,354,723 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
Eastern Orthodox Management Corp Worcester, MA | $21,645,086 | $13,227,405 |
National Mentoring Partnership Incorporated Boston, MA | $15,815,065 | $18,909,132 |